Norilsk Nickel grants apartments to more than 1000 employees

Norilsk Nickel announces that by May 1009 employees of Norilsk Nickel Group (Polar Division, Polar Transportation Division and OJSC Kola MMC) have been granted apartments as part of implementation of Nash Dom program.

At the initial stage of the program, in 2010, MMC Norilsk Nickel was to acquire 1000 apartments. Therefore, the Company has already exceeded the target figures. By the end of the year the Company plans to acquire more than 1,100 apartments for its employees as part of the program.

Totally, in 2012 MMC Norilsk Nickel will spend RUB 1.4 bln. on implementation of the corporate social programs “Nash Dom” (Our Home) and “Moi Dom” (My Home). Previously, the Company spent RUB 4 bln. on financing of “Nash Dom” program and RUB 950 mln. on financing “Moi Dom” program.

Nash Dom Program

“Nash Dom” program initiated in 2010 is intended for employees of Polar Division and Polar Transport Division of MMC Norilsk Nickel, as well as for employees of OJSC Kola MMC.

Ready-to-live apartments are purchased by the Company in Russian regions with good living conditions and provided to employees on conditions of co-financing: the Company shall pay up to half of the price, while the employee shall pay the rest within 5-10 years. The employee undertakes to stay with MMC Norilsk Nickel for that period. Only after this period the employee can register the apartment as his property, but he can immediately use the apartment after receiving it: sublease it, live in it during the vacation time, provide accommodation for his children, etc. The cost of apartment is fixed for the whole period of the employee’s participation in the program.

As part of “Nash Dom” (Our home) and “Moi Dom” (My home) programs the Company purchases apartments in Moscow region cities (Ramenskoye, Noginsk, Stupino, Shchelkovo, Lyubertsy) and in Krasnodar region (Krasnodar, Anapa).

The Program is aimed at replenishment of strategically important key personnel: highly skilled employees, including employees of highly rare occupations and professions at the operations of the Company’s subsidiaries located on the territory of the Extreme North.


ABOUT MMC NORILSK NICKEL

MMC Norilsk Nickel, a company incorporated under the laws of the Russian Federation, is the largest diversified mining and metals company in Russia, the world's largest producer of nickel and palladium and one of the world's largest producers of platinum, rhodium, copper and cobalt. In addition to this, MMC Norilsk Nickel produces a large number of other by-products, including gold, silver, tellurium, selenium, iridium and ruthenium.

The key production units of the Company’s group in Russia are at the Polar and Kola Peninsulas. MMC Norilsk Nickel international assets include operations in Finland, Australia, Botswana and South Africa.

MMC Norilsk Nickel’s shares are traded at MICEX-RTS. ADR’s on the Company’s shares are traded on the other the counter market in the US and at the London and Berlin stock exchanges.